Earlier this week, the Social Security Administration announced a 5.9% cost of living adjustment (COLA) for retirement benefits beginning January 2022. Continue reading
Social Security Announces Large COLA Increase in 2022
Retirement Planning
The $35 Trillion Wealth Transfer
The mother of all wealth transfers is coming. Baby Boomer heirs listen up: it’s not quite as soon as they are saying and not quite as much… Continue reading
New Job! Exciting…But What Happens with Your Old 401(k)?
The opportunity for a new job or career is an exciting time, and if you are like many Americans, you will likely change jobs or careers more than once. Continue reading
Medicare Open Enrollment Begins Oct. 15th. What You Need to Know.
Medicare’s open enrollment period happens once a year between October 15 and December 7. During this time, current Medicare beneficiaries have the option to adjust their coverage for the coming year. Continue reading
What Should I Consider When Reviewing Health and Life Insurance Policies?
September is National Insurance Month. Ok, so it’s no National Pizza Day or National Margarita Day, but it is something I’m interested in! A healthy review of policies is always good, and we are happy to discuss mitigating risks with insurance. Continue reading
Should You Use Fidelity’s BrokerageLink® Option?
If you are one of the 22 million investors with a retirement plan at Fidelity, you may have access to an option within your plan that could dramatically improve the success of your 401k. Fidelity’s BrokerageLink® option is a self-directed brokerage account within the 401k or 403b plan. In this article, you’ll learn what the BrokerageLink® option is and when it may make sense to take advantage of it. Continue reading
SECURE Act and CARES Act
Over the last 18 months, Congress implemented two significant bills that have impacted retirement savings accounts. The SECURE Act was a bi-partisan effort directed at improving the ability of American citizens to increase retirement savings. The CARES Act was passed in response to the economic turmoil caused by the Covid-19 pandemic. Continue reading
Medicare Open Enrollment Begins October 15th
The beginning of fall always brings some much-anticipated changes – cooler weather, leaves changing color, and much more. For Medicare recipients, it may bring some not-so-welcome changes. Each year beginning in mid-October is what’s known as Medicare Open Enrollment. Whether you are new to Medicare or have been covered for many years, this is an important time to review your medical coverage. Continue reading
Reminder: No RMDs This Year
Earlier this summer, the IRS made the announcement that they are waiving Required Minimum Distributions (RMDs) for retirement accounts in 2020. IRS Notice 2020-51 outlines the relief granted to retirement account owners, as part of an extension to the CARES Act. Continue reading
The SECURE Act and its Impact on Retirement Account Beneficiaries
Last month, we discussed the passing of the Setting Every Community Up for Retirement Enhancement, or SECURE Act. In the article, we reviewed many of the changes this legislation made to the retirement planning landscape. Continue reading